Sell alert for SpaceX stock as SPCX targets crash to $108

After suffering a massive 24-hour crash from $135.92 to $123.62 amidst the Thursday, November 5, stock market bloodbath , SpaceX (NASDAQ: SPCX ) appears set for further losses and a collapse toward its all-time lows. Specifically, in an X post published during the crash, trading expert Ali Martinez warned that SPCX shares fell below the mid-range support level of its parallel channel . This drop, the analyst warned, could lead SpaceX stock to plunge a further 12% from the latest close and to $108 – less than $4 above the all-time low of $104.83. Notably, the November 5 post represented a continuation of a bearish thread published at the beginning of the month.

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